Prime Boise Development
For Sale
$2,900,000
Pending
132 & 140 West Main Street, Boise, ID 83702
Two parcels in Boise's vibrant core with development potential.
Property Size10,500 SF
Days on Market196
Property Features for 132 & 140 West Main Street
General Information
Standard status
Pending
Size
10,500 SF
Property subtype
SpecialPurpose
Properties For Sale
at 132 & 140 West Main Street Contact us140 W. Main St. (10 unit multifamily bldg) sold with 132 W. Main St. (prime vacant lot) Available
Size
10,890 SF
Type
Multifamily
Historical building, 10 unit multifamily building, being sold with adjacent vacant lot at 132 W. Main St.
Contact us 132 W. Main St. vacant lot sold with 140 W. Main St. Available
Size
7,405 SF
Type
Land
Prime downtown Boise vacant lot sold with 140 W. Main St.,
Contact us
Listing Agency:
CBRE - Boise
Listed By:
Tim Reid · License #SP22042
(208) 850-5001
Source:
Cbre
Added: Mar 25
Changed: Oct 4
Last Checked: Oct 5 at 3:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Boise
Investment Insights
Based on property information with market context.
Located in downtown Boise, the properties at 132 W. Main St. and 140 W. Main St. offer development potential. The Eoff-Brady-Hon House, a historic building, includes 10 rental units and over 10,500 sqft of living space. The adjacent vacant land at 132 W. Main St. is zoned MX-3 - Mixed Use by the City of Boise. The location is near new developments, St. Luke’s main campus, and various businesses and amenities. It is located two blocks from St. Luke's main campus, under a mile to Boise's central business district and BSU, and 1.5 miles to I-184. The location is five blocks from Boise’s Central Business District.
Key Highlights
- Rare development opportunity with MX‑3 zoning in downtown Boise.
- Prime location near St. Luke's main campus, Boise's central business district, and numerous amenities.
- Historic Eoff‑Brady‑Hon House with 10 rental units and over 10,500 sqft of living space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,410
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,608,200
$2.6M
Cap Rate 7%
$1,863,000
$1.9M
Cap Rate 9%
$1,449,000
$1.4M
Market Conditions
NOI Build-Up for 10,500 SF
Gross rent
$226.8K $21.60/SF
− Vacancy
−$18.1K −$1.73/SF
EGI
$208.7K $19.87/SF
− OpEx
−$78.2K −$7.45/SF
NOI
$130.4K $12.42/SF
Area
Ada County, ID
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,608,200
Cap Rate 7%
$1,863,000
Cap Rate 9%
$1,449,000
Alternative Uses
Best Use
Mixed Use
$1.86M
$1.63M – $2.17M
NOI $130,410 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.90M
$2.54M – $3.38M
NOI $202,986 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,933
Businesses Nearby
Explore this area
Business Placement
Demographics for 83702, ID
23,951
Population
12,771
Households
1.9
Avg Household Size
40
Median Age
61%
College-Educated
97%
High-School Grad
31.4 sq mi
ZIP Area
763
Density / Sq Mi
$82,586
Median Household Income
$48,200
Median Earnings
$1,175
Median Rent
$708,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two parcels in Boise's vibrant core with development potential.
Where is this mixed-use property located?
The property is located at 132 & 140 West Main Street Boise, ID.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Rare development opportunity with MX‑3 zoning in downtown Boise.; Prime location near St. Luke's main campus, Boise's central business district, and numerous amenities.; Historic Eoff‑Brady‑Hon House with 10 rental units and over 10,500 sqft of living space.
